Where do we go? - RSI around 60 - Weak sell - MACD line is moving around it's signal line, just kissed below: Weak sell - Trend showing upward support until March 25. Past 6 days has been horisontal trade: Neutral - Volume - Seems like there's been a peak in volume one day (bull push) followed by a few days of low volume where the sellers takes control (bear...
From a technical point of view short term target $17, primary term should be closer to $35-40. Might bounce around $11-13 level while the market stabilizes (hopefully) before it breaks it previous low ($17) and continue a new bull run.
RSI: Support level 32-35 - resistance level 70-75 - currently at 50: Medium buy WMA: 50 day WMA crossed above it's 200 day WMA in Jan: Strong buy Trend lines: - 5 year trend line supports long term bull with higher lows: Stong buy - Oct 18'-Feb19' highs is Aug19'-Dec19 lows i.e previous resistance level becomes new support level: Stong buy - Ascending...
NASDAQ:TSLA Is Tesla a buying opportunity? Since Feb 2020 high of $930 the stock has retraced to around $329 which is a full retrenchment on the Fib scale but it's showing support at $350 even after dropping to $330. The RSI level has since it's 2019 June low of around $169 had lower support at 35-36 and upper resistance at 57-58 levels even though is has...